Overview

Project stage

Working product

Detailed description

Propy’s vision is to ultimately enable a global real estate market with a unified real-time purchase interface and a decentralized title registry. It is being designed to allow real estate assets to become more liquid while providing users with greater control over the transaction process.

To achieve that goal, Propy intends to further the development of a new ecosystem of token holders, brokers, governments and end users incentivized to support the transition to a seamless, secure, and globally recognized real estate transaction network.

Propy works with current legislation to facilitate transactions while also providing a superior blockchain infrastructure which can be adopted by various entities to reduce redundancy and fraud. For example, Propy has agreements with Land Registries/Recording offices to use blockchain hashes for each ongoing transaction.

Problem

To make an international Real-Estate purchase, individuals need to work with multiple intermediaries including Brokers, Escrow services, Land Registry Services, as well as Money Transmitters. Piles of paperwork need to be compiled and signed.

Solution

Propy aims to solve the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real estate industry. Initially the Propy Registry will mirror official land registry records in which transfers of real estate are recorded.

Ultimately, however, Propy’s vision is that jurisdictions will adopt the Propy Registry as their official ledger of record such that the transfer of a property on the Propy Registry constitutes the legal transfer of the property and the legal registration of that transfer.

Features

Web-based platform Propy & iOS App Propy;

Messenger;

Localization in site and application is available in Chinese, Russian, and Arabic;

Brokers’ activity (check-ins, reviews);

Module for data aggregation and standardization of property listings. Currently works with eight types of data feeds;

Off-market subscription providing access to locked property listings;

Neighbourhood data: air-pollution, walk score, schools;

Reservation fee payment.

Show details

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :PRO

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 35,000,000 PRO

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :100,000,000 PRO

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :35,000,000 PRO

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, USD,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No

Token and Funds Distribution

Token distribution date

Unsold tokens

The unsold tokens will remain frozen in the original Master Wallet by Ambisafe.

Token Distribution

Vesting notes

Token Sale:Will be locked for (12) months from the Crowdsale End Date

Donation:Will be locked for twelve (12) months after the Crowdsale End Date

Network Growth:Will be locked for fifteen (15) days after the Crowdsale End Date

Company:5 million Company Tokens will be locked for 12 months from the Crowdsale End Date; another 5 million Company Tokens will be locked for 24 months from the Crowdsale End Date; remaining tokens will be locked for 36 months

Sale schedule

Round

Token Price

Bonus

Min / Max Purchase

Soft Cap

Hard Cap

Crowdsale —
Ended
15 Aug 13:00 UTC15 Sep 13:00 UTC

1. USD

2% - 15%

-

Uncapped

35,000,000 PRO

Pre-sale —
Ended
Start Soon

1. USD

15%

-

Uncapped

11,000,000 PRO

Crowdsale

The purchasers of Sale Tokens sold in the first hour of the Crowdsale will receive 0.15 Bonus Tokens for each Token purchased.

The purchasers of Sale Tokens sold between the 2nd and the 24th hour of the Crowdsale will receive 0.1 Bonus Tokens for each Token purchased.

The purchasers of Sale Tokens sold between the 2nd day and the 7th day of the Crowdsale will receive 0.05 Bonus Tokens for each Token purchased.

The purchasers of Sale Tokens sold between the 8th day and the 14th day of the Crowdsale will receive 0.03 Bonus Tokens for each Token purchased.

The purchasers of Sale Tokens sold between the 15th day and the 21st day of the Crowdsale will receive 0.02 Bonus Tokens for each Token purchased.

Advisors

Roadmap

15 Sep 2016

Real estate marketplace launched

15 Dec 2016

Transaction prototype

15 Aug 2017

Token sale

15 Oct 2017

Beta testing

15 Dec 2017

Transacting tool in production

20Jul 2020

P2P tranactions

Activity

Social

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